Wall Street didn't take too kindly to that: Facebook's stock price dropped almost 20 percent in after-hours trading.
In fact, the call with Zuckerberg and his colleagues only made things worse for Facebook's share price.
The second quarter of 2018 has not been the best ever for Facebook. Then came the plunge in after-hours trading, after the company revealed it had 2.23 billion monthly users in its last quarter, up 11 per cent from last year's level, but well short of what industry analysts had been expecting. In September 2000, as the tech stock boom turned to bust, chipmaker Intel warned that its sales could slow, sending its stock price down more than 20 per cent.
Still, investors weren't prepared for numerous bombshells dropped by Facebook Chief Financial Officer David Wehner.
Facebook said it doesn't expect to see revenue growth for a while, according to CNBC.More news: Former cricket star Imran Khan's party claims victory in disputed Pakistan election
"Over the next several years, we would anticipate that our operating margins will trend towards the mid-30s on a percentage basis", Wehner told the results conference call with analysts.
On Wednesday the initial fallout from Cambridge Analytica appeared in Facebook's financial results and forecast and it was a game changer.
In pre-market trading on Thursday, Amazon stock had dipped 1.5 percent, Netflix 1.8 percent, and Alphabet 1 percent. "ORCRP0017763-topic.html">WhatsApp and Instagram. But the number of American users who use Facebook every month has flatlined, the company reported, raising questions about how much longer the social network can continue to expand in the US market.
The new $10 million bump works out to an extra $27,000 a day Facebook is spending on protecting its chief.
First, Facebook is battling currency headwinds. In other words, there is practically nobody left to get on the platform.
Facebook didn't respond to a request for comment. The company doesn't make as much money from Stories as it does from its News Feed and other features on its site. In light of increased investment in security, we could choose to decrease our investment in new product areas, but we're not going to - because that wouldn't be the right way to serve our community and because we run this company for the long term, not for the next quarter. The report also predicted far weaker growth in the future than had been expected.
"I think many investors are having a hard time reconciling that deceleration", Brent Thill, an analyst at Jefferies LLC, told Facebook executives, asking for a little more clarity on the reasoning.